Business Topics

Finance minister warns China on currency moves

Aug 21, 2015

Finance minister warns China on currency moves

Finance Minister Taro Aso said Friday that recent moves by China to allow its currency to depreciate are a concern and could pose problems for Tokyo. The Nikkei 225 average fell 3 percent to 19,435.83 on Friday, slipping below the psychological benchmark of 20,000 ...

Aug 19, 2015

Trade deficit widens to ¥268.1 billion as export growth slows

The nation’s trade deficit widened to its largest level in five months in July, as exports slowed thanks to faltering demand in China and other key markets. Imports fell by less than forecast. The ¥268.1 billion deficit reported Wednesday compared with a deficit of ...

Aug 19, 2015

Osaka's Kansai airport marks busiest month ever in July

Kansai International Airport, the main international gateway for the Osaka metropolitan region, handled 2.05 million passengers in July, marking a record high for any month since its 1994 opening, according to preliminary data released by the airport operator. An expansion of routes linking Kansai ...

Aug 19, 2015

Abe aide says Japan needs up to ¥3.5 trillion economic injection

Japan needs an economic injection of as much as ¥3.5 trillion ($28 billion) to shore up consumption and stave off further economic contraction, said Etsuro Honda, an economic adviser to Prime Minister Shinzo Abe. “Households feel their income has been reduced,” Honda, 60, said ...

Domestic firms concerned about slumping consumption

Aug 18, 2015

Domestic firms concerned about slumping consumption

Domestic companies are becoming increasingly concerned about the slump in private consumption that was confirmed in weak April-June gross domestic product data, although corporate earnings in the period turned out to be strong thanks to the yen’s depreciation and falling crude oil prices. The ...

Aug 18, 2015

Japan's holdings of treasuries dip to lowest level since 2013

Japan’s holdings of U.S. Treasuries dipped below $1.2 trillion for the first time since 2013 even as purchases of the government debt accelerated among foreigners as a whole. Japan, the second-largest foreign holder, saw its holdings fall by $17.8 billion in June, the biggest ...

Core machinery orders down 7.9% in June

Aug 13, 2015

Core machinery orders down 7.9% in June

Core private-sector machinery orders fell a seasonally adjusted 7.9 percent in June from the previous month, for the first decline in four months, the government said Thursday. The fall signaled a possible dent in corporate investment demand. The value of orders, widely regarded as ...

Aug 12, 2015

Japan economy contracted in April-June, say economists

Forty-one economists on average expect Japan’s seasonally adjusted gross domestic product in April-June to have shrunk a real 1.55 percent from the previous quarter at an annual rate, compared with the 0.72 percent growth estimated last month, a survey showed on Tuesday. Exports and ...